Hilton Worldwide Holdings Inc. (NYSE:HLT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday, October 26th. The firm currently has a $80.00 target price on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 10.06% from the company’s current price.
According to Zacks, “Hilton Worldwide Holdings Inc. offers hospitality service. The company is engaged in the ownership, leasing, management, development and franchising of hotels, resorts and timeshare properties. Its portfolio of brand names consists of Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Inn, Homewood Suites by Hilton and Home2 Suites by Hilton and timeshare properties under the Hilton Grand Vacations brand. Hilton Worldwide Holdings Inc. is headquartered in McLean, Virginia. “
Other analysts have also recently issued reports about the company. Royal Bank Of Canada reissued a “buy” rating and issued a $70.00 price target on shares of Hilton Worldwide Holdings in a research report on Friday, September 22nd. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Hilton Worldwide Holdings in a research report on Tuesday, October 17th. TheStreet cut Hilton Worldwide Holdings from a “b” rating to a “c+” rating in a research report on Friday, June 30th. Barclays PLC upped their price objective on Hilton Worldwide Holdings from $63.00 to $64.00 and gave the company an “equal weight” rating in a research report on Thursday, July 27th. Finally, BidaskClub raised Hilton Worldwide Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $73.05.
Hilton Worldwide Holdings (NYSE HLT) opened at $72.69 on Thursday. Hilton Worldwide Holdings has a twelve month low of $48.08 and a twelve month high of $73.76. The company has a market capitalization of $23,257.24, a PE ratio of 33.65, a PEG ratio of 7.64 and a beta of 1.31. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 4.53.
Hilton Worldwide Holdings (NYSE:HLT) last posted its earnings results on Thursday, October 26th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. Hilton Worldwide Holdings had a return on equity of 27.32% and a net margin of 0.33%. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the business earned $0.41 EPS. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. research analysts expect that Hilton Worldwide Holdings will post 1.9 EPS for the current year.
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In other news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $69.11, for a total transaction of $1,077,851,654.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.50% of the company’s stock.
Several large investors have recently modified their holdings of the company. Marvin & Palmer Associates Inc. purchased a new position in shares of Hilton Worldwide Holdings during the third quarter worth approximately $2,411,000. Zeke Capital Advisors LLC purchased a new position in Hilton Worldwide Holdings during the third quarter valued at approximately $265,000. Amalgamated Bank increased its holdings in Hilton Worldwide Holdings by 8.0% during the third quarter. Amalgamated Bank now owns 24,584 shares of the company’s stock valued at $1,707,000 after buying an additional 1,818 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Hilton Worldwide Holdings by 9.1% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,611 shares of the company’s stock valued at $1,154,000 after buying an additional 1,388 shares during the period. Finally, Capital Growth Management LP increased its holdings in Hilton Worldwide Holdings by 15.2% during the third quarter. Capital Growth Management LP now owns 760,000 shares of the company’s stock valued at $52,782,000 after buying an additional 100,000 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.
About Hilton Worldwide Holdings
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.
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